Oregon Public Employees Retirement Fund Purchases 252 Shares of Wintrust Financial Co. (NASDAQ:WTFC)

Posted by Defense World Staff on Apr 12th, 2023

Oregon Public Employees Retirement Fund lifted its position in Wintrust Financial Co. (NASDAQ:WTFC – Get Rating) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,873 shares of the bank’s stock after acquiring an additional 252 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Wintrust Financial were worth $1,511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Private Trust Co. NA grew its stake in Wintrust Financial by 48.9% in the third quarter. Private Trust Co. NA now owns 411 shares of the bank’s stock valued at $34,000 after purchasing an additional 135 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in Wintrust Financial by 37.3% in the third quarter. Parkside Financial Bank & Trust now owns 464 shares of the bank’s stock valued at $38,000 after purchasing an additional 126 shares during the last quarter. Romano Brothers AND Company purchased a new position in Wintrust Financial in the fourth quarter valued at about $71,000. Quadrant Capital Group LLC grew its stake in Wintrust Financial by 44.6% in the third quarter. Quadrant Capital Group LLC now owns 1,008 shares of the bank’s stock valued at $82,000 after purchasing an additional 311 shares during the last quarter. Finally, Wipfli Financial Advisors LLC purchased a new position in Wintrust Financial in the third quarter valued at about $84,000. 89.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Wintrust Financial

In related news, Director H Patrick Hackett, Jr. purchased 7,100 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was bought at an average cost of $73.31 per share, with a total value of $520,501.00. Following the completion of the acquisition, the director now owns 47,173 shares of the company’s stock, valued at approximately $3,458,252.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WTFC. Raymond James cut their target price on Wintrust Financial from $110.00 to $95.00 and set a “strong-buy” rating on the stock in a research note on Thursday, April 6th. Royal Bank of Canada dropped their price target on Wintrust Financial from $108.00 to $95.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 14th. StockNews.com lowered Wintrust Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Hovde Group upgraded Wintrust Financial from a “market perform” rating to an “outperform” rating and set a $108.00 price target on the stock in a research note on Wednesday, February 1st. Finally, Truist Financial dropped their price target on Wintrust Financial from $104.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $102.82.

Wintrust Financial Trading Up 0.5 %

Wintrust Financial stock opened at $71.38 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.82. Wintrust Financial Co. has a 52 week low of $57.48 and a 52 week high of $98.54. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 0.39 and a beta of 1.17. The stock has a 50-day moving average price of $83.07 and a 200 day moving average price of $85.97.

Wintrust Financial (NASDAQ:WTFC – Get Rating) last released its earnings results on Wednesday, January 18th. The bank reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.37). Wintrust Financial had a return on equity of 11.99% and a net margin of 23.08%. The firm had revenue of $550.66 million for the quarter, compared to analyst estimates of $550.90 million. Sell-side analysts anticipate that Wintrust Financial Co. will post 10.65 EPS for the current year.

Wintrust Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 23rd. Investors of record on Thursday, February 9th were issued a dividend of $0.40 per share. This is an increase from Wintrust Financial’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, February 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.24%. Wintrust Financial’s payout ratio is 20.00%.

Wintrust Financial Profile

(Get Rating)

Wintrust Financial Corp. operates as holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal, and commercial banking services to customers located in its market area.

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Institutional Ownership by Quarter for Wintrust Financial (NASDAQ:WTFC)

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